In an effort to address the rapid increase in demand for electricity in Visayas, Lopez-led Green Core Geothermal Inc. (GCGI) is setting its sights on upgrading its Palinpinon 1 geothermal plant in Negros Oriental. According to GCGI, a subsidiary of Energy Development Corp. (EDC), the proposed...
The consortium led by the Aboitiz conglomerate emerged victorious on Friday, July 4, as it won the right to take over the 797-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plants in Laguna—a prime Luzon energy asset—from the state-run Power Sector Asset and Liabilities...
Aboitiz Power Corp.’s (AboitizPower) renewable energy (RE) arm and Lopez-led First Gen Corp. (FGen) are bidding for the Caliraya-Botocan-Kalayaan Hydroelectric Power Plants (CBK HEPP), according to the state-run Power Sector Assets and Liabilities Management Corp. (PSALM). PSALM’s...
Lopez-led First Gen Corporation, via its subsidiary First Gas Power Corporation, is seeking approval from the Energy Regulatory Commission (ERC) for the extension of its power purchase agreement (PPA) with the Manila Electric Company (Meralco) covering its 1,000-megawatt Santa Rita gas-fired plant,...
Lopez-led First Gen Corporation (FGen) is hoping for proactive reforms in the country’s current power policies to help encourage investors to push for renewable energy (RE). During the Annual Stockholders Meeting on Thursday, May 29, FGen President Francis Giles Puno said that certain regulations...
Lopez-led First Gen Corp, (FGen) announced that it has fully acquired Pi Energy Inc. through a deed of assignment executed with its parent firm, First Philippine Holdings Corp. (FPH). In a disclosure to the Philippine Stock Exchange (PSE) on Monday, May 19, FGen said it acquired Pi Energy for ₱1...
2025 is projected to be an upside year for Lopez-led First Gen Corp. (FGen), as it anticipates a financial rebound throughout the year. On the sidelines of a signing ceremony between FGen and Singapore’s Digital Edge, Giles Puno, president and chief operating officer of FGen, expressed optimism...
Lopez-led First Gen Corp. (FGen) announced that Singaporean data developer and operator Digital Edge Holdings Pte. Ltd. has integrated renewable energy (RE) into its data center in Laguna. During the signing ceremony on Wednesday, May 14, FGen said it was tapped to power Digital Edge’s NARRA1...
Lopez-led First Gen Corp. (FGen) reported that its first-quarter net income declined by four percent due to lower geothermal output, market price movements, and a lapsed power deal. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, May 6, FGen said its recurring net income during...
Lopez-led renewable energy (RE) provider First Gen Corporation (FGen) and real estate firm Oakridge Realty Development Corporation (ORDC) have partnered to integrate solar power in the latter’s business park in Cebu province. In a statement, FGen said it is set to install a 638 kilowatt-peak...
First Gen Corp. and Tokyo Gas Co. Ltd. officials celebrated their agreement with a wine toast. The agreement establishes Tokyo Gas's acquisition of a 20 percent equity ownership in FGEN LNG Corp. In photo (from left) are Victor Emmanuel B. Santos Jr., First Gen Executive Vice President; Toshihide...
Renewable energy (RE) provider First Gen Corporation (FGen) is prolonging its partnership with industrial printing firm Precision Crestec, Inc. to power its production facility in Pasig City. In a statement on Tuesday, Feb. 4, FGen and Precision inked a new supply agreement for 700 kilowatts (KW)...
